China refuted claims it is militarizing the disputed South China Sea, saying it needs to build facilities on artificial islands and reefs to protect them. “As the islands and reefs…
China Says Far Away South China Sea Reefs Need Its Protection
A Hard Landing in China Could Shake the World
China’s slowdown is already playing out across the world, dragging down commodity prices and weighing on trade partners. And that’s while the economy is still growing at about 7 percent.…
UK to invest $23 billion in anti terror fight
Chancellor of the Exchequer George Osborne will make the fight against Islamic State a focus of his Spending Review on Wednesday amid plans to boost the U.K.’s counter-terrorism budget by…
Asean Opts for New Road Map as Economic Union Targets Missed
Leaders from the Association of Southeast Asian Nations unveiled with fanfare another road map to a common community for the next decade even as the bloc missed targets for economic…
OPEC Pledges Oil Stability
Saudi Arabian stocks rose to the highest level in four weeks, tracking gains across the U.S. and Europe last week, after the country’s oil minister said OPEC and other crude…
Bill Gates Hopeful China Will Amend Laws to Boost Philanthropy
China should amend legislation to make it easier for philanthropy to grow, Microsoft Corp. co-founder Bill Gates said in an television broadcast Saturday. “Certainly the status quo is not ideal,”…
French CMA CGM in talks with Singapore’s Neputne Orient Lines for buyout
France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd., as global shipping companies grapple with ways to revive earnings amid a glut of new…
Cognac makers ramp up U.S. efforts as China sips less
France’s centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink’s appeal beyond its African American stronghold. The big four…
Marriott is buying Starwood for $12.2 billion to create the world’s largest hotel company
Marriott International is acquiring Starwood Hotels & Resorts, creating the world’s largest hotel company. The deal is valued at $12.2 billion, consisting of $11.9 billion worth of Marriott stock and…
Blackstone is now the largest owner of real estate in the world
Blackstone has grown its size nearly four-fold since its 2007 IPO. But the biggest private equity firm on Wall Street has seen even greater growth in its real estate division,…